Name: Mobilising online data to fight financial crime
Start: 2022-03-09T13:00:00Z
End: 2022-03-09T13:00:45.000Z
Location: BrightTALK
Rating: 3.2

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The Nexum AI Platform Adoption Framework: A guiding framework for leaders who want to leverage the power of AI to transform their business. And a tool to assess where you are in your journey and define where you want to be.

Nexum AI as a Service was developed as an engineer’s guide to building AI-enabled platforms and services. The aim of the  our platform is to get you up and running, and able to produce results quickly, without getting stuck in the weeds. AI and  machine learning are big topics, and there is an awful lot to learn if you wish to master these disciplines. We examine these  from a developer’s perspective to provide a practical, hands-on guide. All of the major cloud vendors are engaged in a race to provide relevant AI services, such as  
○ Image recognition  
○ Speech-to-text, text-to-speech  
○ Chatbots Language translation  
○ Natural language processing  
○ Recommendations  

We review the current state of the art, and we categorize the available services on Google into a standard architectural  structure. Following we dive right in and build a serverless image recognition system as our first AI as a Service platform.

NEXUM Cloud’s AI Platform Adoption Framework AI as a Service

In a rapidly growing FinTech market in the UK companies need innovative approaches to distinguish themselves from competition and to constantly create value for their customers. Collecting and utilising proprietary customer data becomes a key enabler for success. This presentation will focus on how to leverage transaction and customer behaviour data for effective CRM strategies to boost customer loyalty and retention.

Harnessing Data for Effective Customer Relationship Management in a Fintech

Implementing AI in Finance.

AI is no different from implementing any new technology project, you need a strategy, the right people and a clear goal to make the implementation a success.  Often with AI projects, scepticism, a lack of defined use cases or the culture prevents successful adoption.

The presentation will look at the high level basics needed to implement AI.  We will cover the following topics:

- Data/People/Culture
- The right use cases
- Engaging with the business/customers
- The right technology
- Gain trust in the AI
- Appendix – NLP / Supervised Learning

The key takeaways will be the steps required to actually get AI implemented and adopted.  Breaking down the challenges across culture, use cases, engagement, technology and trust in AI itself.  We will also cover the key concepts of NLP and Supervised Learning.

How to make an AI implementation happen…

This webinar will cover:

- Definitions of key terms
- What is the rationale for looking at digital backend and/or blockchain-based payment systems?
- International payments landscape – cursory overview (China focus)
- What is happening in the UK/USA
- Next steps and options for businesses to engage

Where crypto meets payments: CBDCs, stablecoins, and digital rails in context

In the last months the fintech landscape has significantly changed and as a consequence, the Venture Capital investment approach to the sector. Fintech still accounts for a significant share of venture funding globally but new themes are emerging and they require deeper knowledge and understanding. We will discuss old and new investment thesis both from a VC and strategic players point of view.

A Venture Capital perspective of digital transformation in Financial Services

Embedded finance is the seamless distribution and integration of financial products into existing services offered by non-financial brands during the most relevant part of the user journey. Over the last 36-months, Buy Now Pay Later (BNPL) has experienced incredible growth and showing little signs of slowing down – it’s valued at over $4billion and growing.

The embedded finance market presents a £7trillion opportunity by 2030, but it will take more than BNPL to reach this milestone. In this webinar, Barry McCarthy, Founder of Assure Hedge, looks at what’s next for embedded finance.

·     Where are the opportunities?

·     How does data influence product creation?

·     How embedded finance keeps business afloat?

·     How embedded finance gives businesses access to global talent

Embedded Finance: Beyond Buy Now and Pay Later

During H1 2021 alone, financial institutions have already been fined over $2 billion.
This has been partly due to failures in risk identification and by not having effective AML and KYC  in place to monitor accounts.
However, customer onboarding is getting tricky as regulations vary across industry and by region; 
Join us to learn about best practices for customer onboarding, and continuous trust.
 
Takeaways

-Learn about the challenges posed by regulation
-Get industry best practice hints and ideas
-Reduce onboarding fraud whilst minimizing friction

Seamless Customer Onboarding: Fact verses Friction

Discover new revenue streams and cost savings for banks as custodians of users' identities and data (without the current liability model). Find out how SSI revolutionises customer experience while reducing costs and improving data.

Self-Sovereign Identity: New Recurring Revenue for Existing Data

Learn about how protecting your data can actually expand your business.

Data-centric zero trust opens up new workflows for KYC and source of wealth validation, broker to customer direct transactions, transaction insights, customer support, and on-prem to hybrid cloud data transfer.

Protect against ransomware extortion while staying compliant with data residency, a chain of custody, and right to forget. Gain an understanding of how a data-centric cyber solution will keep your data safe when your network is hacked and allow you to reduce costs while expanding opportunities.

Frictionless and Secure KYC with Data-Centric Zero Trust

Video: NEXUM Cloud’s AI Platform Adoption Framework AI as a Service

Online data is a vast and ever-expanding resource in the battle against financial crime. 

However, the volume of information can be overwhelming, and it can be a struggle to identify what’s relevant. 

In addition, the information explosion has led to more public scrutiny than ever, and reputations that took years to build can be destroyed in one headline.  

How can you ensure you get a full and fair picture?

In this expert discussion you will learn:

1. The latest risks and challenges relating to the use of open source material to fight financial crime
2. Regulatory expectations on using open source data for due diligence and monitoring
3. How technological innovations can harness public information
4. Emerging best practices for reputational risk protection in the digital age


Chair: Laetitia Hoffmann, Global Product Manager - Due Diligence at Dow Jones
Shaun O’Mahony, Co-Founder of Xapien
Daniel Secretan, Co-Founder of Xapien
Tom Lawman, Senior Consultant at FINTRAIL

Mobilising online data to fight financial crime

• Tokenization of everything – Assets, Money, Cryptocurrencies
• Digital Identities & payments – phase one : Centralized identity, phase two: Federated Identity, Phase three: User-centric Identity, Phase Four : Self-sovereign Identity, from personal data controlled/owned and centrally stored by business to owned/controlled and de-centrally stored by User
• Increasing A2A Payments and open banking support – open finanance API network, Account Entry Push Notifications, Reservation of funds, Deferred and recurring payments, Request to Pay, Initiation of a consumer loan = BNPL, SEPA Direct DebitImproving conversion and UX
• Value Added Services around payments e.g. - BNPL will further grow, Credit card-based BNPL as fight back for banks, Digital Receipts will get more momentum, Next Generation Loyalty Offers - the age of data blindness & simple transaction-rewarding is over
• Improving the PSD2 SCA with better use of newer 3DS protocols (EMVCo 3DS 2.3) - eCOM Tokenization, Click To Pay, Delegated Authentication, split SDK and device binding
• Increasing Interest in Crypto Assets - Crypto trading apps as part of their digital offering
• Green & Sustainable Payments – Carbon free - For the Financial Services Industry, Green Payment is going from niche to mainstream through the following development drivers: technology, consumers, data and coming soon

Digital ID, Open Banking, BNPL, Tokenization, PSD2 SCA, Crypto Assets, Payments

Coinfirm AML Oracle was the first smart contract-based solution for AML compliance of the burgeoning decentralized finance (DeFi) scene. The Oracle unlocks a key barrier that DeFi presented to previously developed blockchain compliance technology on the market.

Because DeFi protocols run on-chain smart contracts – meaning that any compliance layer needs the same format of technology required to interact with a DeFi provider such as a decentralised exchange (DEX) through client smart contracts – a specifically tailored solution is necessary.

Currently operated with Ethereum and RSK protocol, the Coinfirm AML Oracle is that solution – enabling decentralized entities to continue their lending, staking and general DeFi activities without fear of falling afoul of nefarious actors in their system – with an added emphasis on security and cost-effective gas usage.

The Financial Action Task Force's updated draft guidance from 09.03.2021 massively expands the types of entities falling under the FATF’s purview. The updated guidance requests member states to ensure DeFi platforms are covered by AML laws, even if there is no single party responsible for live networks. The Coinfirm AML Oracle offers both a partial and fully decentralized solution to proactively manage compliance risks and comply with regulations.

When users interact with a decentralized finance provider, their wallet address is queried for risk through the Coinfirm AML Oracle, which in turn passes data from Coinfirm’s API to generate a report ID C-Score based on 330+ risk evaluation scenarios that relays the information to the DEX.

The Future of Regulatory Compliance in Defi Space

In today’s complex environment organizations are embarking on Digital Transformation journey.  Compared to existing systems, blockchains are faster, cheaper, more reliable, and much more secure.  For example, in healthcare, patients often have medical history scattered among various medical records maintained in several health-care establishments.  The data is available only in the scope of those specific systems.  Having a Blockchain Medical Profile to store an individual’s medical profile that is accessible from anywhere at the time of need.  This omnipresence of the medical data will be a boon for the field of medical informatics.  

Similarly, in financial institutions, transactions that happens within and among financial institutions can be delivered, provided immediately, shared, and completely transparent stored on an immutable ledger via Blockchain technology.  

The faster the information is received and the more accurate it is, the better.  Blockchain is ideal for delivering that information because it provides immediate, shared and completely transparent information stored on an immutable ledger that can be accessed only by permissioned network members.  Blockchain technology and its infrastructure (hardware, software, and facilities, connectivity, mobility, performance, and security and such can be easily deployed and managed using ITIL best practices.

Speakers: 
Waseem Ahmed, VP IT Production Operations, Citibank NA
Atif Farid Mohammad PhD, Adjunct Professor, Artificial Intelligence, Machine Learning, Blockchain, UNC Charlotte

Blockchain Adoption, Management, and Application

The aftermath of economic collapse a decade ago and the current pandemic of COVID-19 have brought in increasing corporate laws, business regulations, stringent guidelines and intransigent restrictions in the financial services sector in the U.S. and worldwide to maintain control over organizational governance, structure and standard practices. These calls for higher degree of corporate governance, operational transparency, higher performance, enhanced security, data privacy and increased capital requirements to thwart any major systemic risk and crisis of the future. This led to the renewed focus on the so-called ‘Governance, Risk Management and Compliance’ practice, also known as GRC. 

Therefore, organizations are under intense pressure one more time to transform their weak and fragmented GRC approach and controls to address a wide array of diverse and complex risks, build strong security, particularly cybersecurity posture, respond to the proliferation of regulatory obligations and demonstrate compliance excellence.

Therefore, in this webinar, we closely examine and discuss the transformation of GRC in the financial services sector. You’ll learn:

Drivers of GRC transformation
Next-gen GRC framework
Transformed GRC with 3 Lines of Defense
How to reach the ideal GRC state? GRC maturity model
Technology as enabler of GRC transformation

GRC Transformation in Financial Services in a Post-Crisis Digital Age

Fintech organizations continue to improve the lives of consumers by delivering innovative products and consistently adding helpful features that reduce costs, build financial inclusion, empower small businesses, enhance financial capability, and more. In the path of getting these solutions to consumers quickly, however, are two challenges that often severely delay time to market: data security and compliance.
 
Fortunately, with a Zero Data approach to security and compliance, businesses can offload these burdens and dedicate more of their time and resources toward bringing their products to market and growing faster.
 
This presentation will cover the following points to understand how Zero Data is advantageous for fintechs:
What is Zero Data?
- The benefits of adopting a Zero Data approach
-  How to fast-track compliances like PCI DSS
- Reducing costs by leveraging data security partners
- Increasing the value of sensitive data while maintaining ownership

Zero Data: A Disruptive Approach To Security and Compliance for Fintechs

Ryan Gurney has a unique perspective on cyber risk after having spent years running security programs for companies like Google Looker, Zendesk, Engine Yard, eBay and more.

Attend this webinar and learn how to use risk-based strategies to avoid cyber security negligence. Every CISO has a risk threshold and if we're being honest the main focus of an IT security team is to stay just above that threshold finding the right balance of security combined with efficient operations and necessary innovation. To avoid cyber security negligence, the CISO needs to be able to measure cyber risk to the business and to collaborate with IT operations and application development teams. 

Then Kevin Broughton, Vulcan Cyber director of product marketing, will join Ryan to outline a modern approach to cyber risk measurement, management and mitigation to help the digital enterprise reduce meaningful risk to the organization.

Don't Be Cyber Negligent: Measure, Manage, and Mitigate Cyber Risk

With an unprecedented growth in the past few years of companies and applications around the fintech, crypto, insurtech, regtech, proptech spaces, users are now more exposed than ever to having their assets, identities and digital personas to become targets of a new breed of sophisticated global criminals. While the fast pace of innovation around all these digital platforms rejects or openly avoids any notion of centralized regulation, the urge to take new services and solutions to the digital users may be posing a threat to the overall sustainability and credibility of alternate ways of conducting online purchases and financial transactions.

Instead of subjecting innovative companies to a closed set of regulations, companies may opt for a set of industry best practices which will allow a self-regulated approach to what is safe for consumers and for an ever-growing digital environment.

This presentation will cover the following points to understand how digital services companies can collaborate on cybersecurity best-practices:

The incredible growth in fintech and digital services in the world
The competing approaches to a safe identity management in the market
The state of cyber-crime in 2021
Six basic cybersecurity domains for digital platforms
A roadmap for adoption and implementation

Back to Basics: Fintech Cybersecurity 101

New technologies, new ways of handling funds and new ways how consumers are interacting with money. Financial institutions are at a crossroads of what direction to take.

Crypto currencies, mobile devices, cloud and an increasingly difficult to manage supply chain is forcing a lot of complexity onto the foundations that FinTech has based its successes on. The solid foundation of what is now considered legacy IT has proven its worth but at the same time the status quo is becoming harder to support, manage and secure against today's ever growing threats. Cyber criminals find new and inventive ways of compromising systems, hijacking data and extorting its owners. So where does that leave us in trying to secure the financial world?

This talk will go over a number of topics and challenges that FinTech is dealing with from the perspective of an ethical hacker's view and experience of breaking into FinTech companies for the last decade. What works and what doesn't and what the future might bring.

From legacy to zero trust: the crossroads of today's FinTech

Software Asset Management is the noble calling of counting software usage versus entitlements and hopefully being compliant at the end of the equation. I and some other SAM aficionados think that a great SAM department or person should also be a provider of data, insight and advice to security. SAM give advice on security you ask? No, that is not our forte. However, in order to correctly license the wide range of software most organisations deploy our job is to know, what software or cloud services are consumed by who, when and under which specific circumstances. That knowledge and insight of patterns, over time along side the actual rights and costs of the software is of use, as I will demonstrate. By the end of the talk, my aim is for you to reach out to your SAM department to find out if they too can provide additional information of value to improve the defences of your organisations assets.

Why Software Asset Management can be a great ally to Security!

2021 provided the perfect cyber storm for many small businesses – be it:
a hit to your finances through downtime costs, 
brand damaged caused by a breach, 
an insider going rogue with your data,
a breach courtesy of a supplier. 
You need to be prepared for it all.   

Join Graham Chee, BCyber's Managing Director and Co-Founder as he takes you through the practical ways your business can prepare for and survive the next perfect cyber storm.

Surviving the perfect storm in 2022

Travel down the Pan-American Highway for a discussion of the risks and opportunities of the emerging cryptocurrency landscape across Latin America. 

Fasten your seatbelts as we explore:
Demand-side dynamics and adoption trends across the region
Supply-side dynamics and key market participants enabling adoption
Political and regulatory backdrop adding express lanes and speed bumps

Debating the case for crypto in Latam – from the Rio Grande to the Rio Plata

Key Themes:

-Anti-Financial Crimes & Regulatory Compliance enhanced by PETs?
-Anti-Money Laundering – More effective with PETs?
-KYC and Transaction Monitoring Processes – More effective with PETs?
-Counter-Terrorism Financing (CTF) - More effective with PETs?
-Sanctions, PEP & Adverse Media Screening - More effective with PETs?
-Business Process Analysis & Design - More effective with PETs?
-Compliance Tools, including Intelligent Automation Technologies - More effective with PETs?
-Privacy Protections and Intrusions - More effective with PETs?
-The role of PETs as a best defence - More effective with PETs?
-Describing the technical ecosystem. What technical capabilities exist or are under development in the field of privacy preserving analytics with the potential to support AML and financial crime prevention objectives - More effective with PETs?
-Exploring relevant use-cases. What current and potential use-cases exist for privacy preserving analytics in AML and financial crime prevention; with a particular focus on the relevance to public/private information-sharing (and associated private/private information sharing) within financial information-sharing partnerships - More effective with PETs?
-Identifying privacy implications. What are the implications of these AML and financial crime prevention use-cases in terms of enabling both privacy protections and privacy intrusions - More effective with PETs?
-Understanding adoption challenges. What key technical, legal, policy, regulatory and cultural issues (considering both -AML and data privacy issues) may affect the utilisation of privacy preserving analytics for AML and financial crime prevention purposes in the target countries - More effective with PETs?
-Challenge of detecting financial crime. Modern criminals are using increasingly more complex structures and are acting across multiple financial institutions and jurisdictions.

Privacy-Enhancing Technologies (PETs)

Fintech has joined the host of other industries and sectors fighting off determined and creative cybercriminals taking advantage of business as they adapt to the post-COVID environment. The Fintech industry needs to place ever more emphasis on securing their systems. Join this interactive discussion to discuss important topic areas such as:

Intelligent authentication
Encryption, data protection and identity management
Protecting links in the supply chain
Defending against do-it-yourself attacks
Competing for security talent


Facilitators:
Robert Clyde, ISACA Board Director, White Cloud Security Executive Chair, and ShardSecure Executive Advisor 
Victoria Martin, Head of Regulatory Affairs and Compliance at 10X Banking

Best Practices to Strengthen the Security of Systems in Fintech to Minimize Risk

Security & Risk in Fintech & Financial Services 2022

Come and understand how large institutions are fighting to contain the advance in frauds about transactions and invasions of their applications. Let's talk about:
- Onboarding ID verification
- Internet and Open banking transactions authentication - PSD2
- Payments
- Saffe's Key Advantages
We wait for you!

Facial Recognition Onboarding & Payment Solution

The talk envisages a consolidated proof-of-concept to deploy a single encrypted platform and to secure all your IoT device identities without information leakage, attacks/threats  unlikely to the existing solutions of self identity or self sovereign of documents only. The end-objective is to conceive a niche hybrid consensus algorithm, which will enlighten smart access for all designated device credentials, agreed & transparent among the actual (real) device owners. The new genre of hybrid blockchain as service has an exceptional role to play here. 

 More than one existing consensus algorithms of Blockchain service is modified and finally new analytical & generic solution will be presented towards with respect to the specific use-case. The talk will also highlight the distinguishable differences between the keywords e.g.  Authentication, Encryption and Trust on the relevant data for devices.  

Find out more on it on my session at 8th March 2022,11 AM ( UK time)

Who am I? Managing Self-Identity with Hybrid Consensus Algorithm of Blockchain

Digitalization, how a pandemic has sped up an otherwise slow-paced process.
New necessities demand for smarter and greater solutions.
The cure for concern should always be awareness.
We were not ready for the scenario we have been forced to face. But that is all right, because circumstances have made of us faster learners and smarter thinkers. And for that reason, technology has evolved into the answers we were looking for yet did not know we needed.

The need for identity, the urge for digital

Clarifying several misconceptions in options and options trading, presenting a new set of symbols and equations for intuitively reading & understanding options, plus a new framework of ISO (investors, scenarios & option features) that prevents us from stating things wrong about options.

Options Trading for Equities & Cryptocurrencies

Smartphones and the mobile internet are disrupting digital banking and payments, and new open banking requirements are accelerating this process. According to McKinsey, 'digital winners’ are seeing the most significant market share and customer gains, and most of these customers are open to purchasing more banking services through digital channels. As a result, financial institutions are heavily investing in digital banking and payments technology to claim a share of this market ahead of their competitors.

Developing the capability to deliver digital banking and payments doesn’t have to be painful or stressful on the balance sheet. See what is possible when it comes to:

- Creating a robust, unified, centralized customer datastore 
- Converting mainframe, batch-oriented systems into real-time, customer-facing applications
- Protecting yourself and your customers with best-of-breed, real-time fraud prevention
- Best practice architectures for real-time performance at enterprise scale and significantly reduced TCO

Learn how Aerospike's real-time data platform is helping financial institutions modernize digital banking, payments, and fraud infrastructures while increasing customer adoption. Aerospike allows you to act in real-time (<20 ms) across enormous data sets (terabytes, petabytes) and billions of transactions while reducing your TCO and server footprint by up to 80 percent.

Best-of-Breed Technologies to Optimize Mobile Banking, Payments and Fraud

Anti-Money Laundering

Compliance

Digital Transformation

Due Diligence

financial intelligence

Fintech

Investigations

RegTech

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Mobilising online data to fight financial crime

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